Afternoon Report Tuesday 1 July 2014
Following today's purchase of another Blue chip stock as per live alerts to subscribers, please follow the morning commentaries regarding stop loss orders, profit targets and position management.
The ASX 200 started FY 2015 in a weak tone, continuing yesterday’s sell off to close down 20 points.
The resource / commodities sector was not able to hold the market in positive territory today, with RIO closing up 1.9% to $60.45, Newcrest Mining (NCM) +3.0% to $10.84 & Woodside (WPL) +0.5% to $41.28.
The weakness was predominantly seen in the banking sector, with NAB closing down 1.5% to $32.30 & WBC also down 1.5% to $33.38.
As expected, the RBA left the cash rate unchanged at 2.5%
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